ERWIN CHALTIN MANAGEMENT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ERWIN CHALTIN MANAGEMENT
Largest movements
- Receivables within one year +€17,340
up €17,340 (+653.8%), from €2,652 to €19,992
of which Trade receivables: +€15,620
- Current investments +€12,000
up €12,000 (+101.4%), from €11,836 to €23,836
- Cash -€5,276
down €5,276 (-10.1%), from €52,327 to €47,050
mainly Receivables within one year (-€17,340) and Current investments (-€12,000)
- Profit (loss) carried forward +€31,106
up €31,106 (+60.8%), from €51,133 to €82,239
- Other debts -€4,381
no longer reported in 2025 (was €4,381)
- Trade debts -€2,004
down €2,004 (-75.3%), from €2,662 to €658
- Gross operating margin -€6,291
down €6,291 (-13.2%), from €47,804 to €41,514
- Taxes -€1,472
down €1,472 (-16.0%), from €9,199 to €7,727
- Financial income +€1,073
up €1,073 (+144951.4%), from €1 to €1,073
- Depreciation +€1,007
up €1,007 (+135.7%), from €742 to €1,749
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,875 | €94,239 | +€24,363 | +34.9% |
| Fixed assets | 21/28 | €3,060 | €3,302 | +€241 | +7.9% |
| Tangible fixed assets | 22/27 | €3,060 | €3,302 | +€241 | +7.9% |
| Furniture and vehicles | 24 | €3,060 | €3,302 | +€241 | +7.9% |
| Current assets | 29/58 | €66,815 | €90,937 | +€24,122 | +36.1% |
| Amounts receivable within one year | 40/41 | €2,652 | €19,992 | +€17,340 | +653.8% |
| Trade receivables | 40 | €2,273 | €17,892 | +€15,620 | +687.3% |
| Other amounts receivable | 41 | €380 | €2,100 | +€1,720 | +453.1% |
| Current investments | 50/53 | €11,836 | €23,836 | +€12,000 | +101.4% |
| Cash at bank and in hand | 54/58 | €52,327 | €47,050 | -€5,276 | -10.1% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €69,875 | €94,239 | +€24,363 | +34.9% |
| Equity | 10/15 | €53,633 | €84,739 | +€31,106 | +58.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,133 | €82,239 | +€31,106 | +60.8% |
| Amounts payable | 17/49 | €16,242 | €9,500 | -€6,743 | -41.5% |
| Amounts payable within one year | 42/48 | €16,242 | €9,500 | -€6,743 | -41.5% |
| Trade debts | 44 | €2,662 | €658 | -€2,004 | -75.3% |
| Suppliers | 440/4 | €2,662 | €658 | -€2,004 | -75.3% |
| Taxes, remuneration and social security | 45 | €9,199 | €8,842 | -€358 | -3.9% |
| Taxes | 450/3 | €9,199 | €8,842 | -€358 | -3.9% |
| Other amounts payable | 47/48 | €4,381 | - | -€4,381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €742 | €1,749 | +€1,007 | +135.7% |
| Other operating charges | 640/8 | €231 | €211 | -€20 | -8.8% |
| Gross operating margin | 9900 | €47,804 | €41,514 | -€6,291 | -13.2% |
| Operating profit (loss) | 9901 | €46,831 | €39,553 | -€7,277 | -15.5% |
| Financial income | 75/76B | €1 | €1,073 | +€1,073 | +144951.4% |
| Recurring financial income | 75 | €1 | €1,073 | +€1,073 | +144951.4% |
| Financial charges | 65/66B | €1,905 | €1,794 | -€111 | -5.8% |
| Recurring financial charges | 65 | €1,905 | €1,794 | -€111 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €44,927 | €38,833 | -€6,094 | -13.6% |
| Income taxes | 67/77 | €9,199 | €7,727 | -€1,472 | -16.0% |
| Profit (loss) for the period | 9904 | €35,728 | €31,106 | -€4,622 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,728 | €31,106 | -€4,622 | -12.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.